With the euro-Australian dollar pair hitting new lows this month, attention is turning to how much further it might fall
20.04.2026
- Canada Consumer Price Index (CPI)
- Germany: Producer Price Index (PPI)
Last weekend, the U.S. dollar weakened against the yen. The USD/JPY pair fell from 159.526 to 157.590. It plummeted from the +2σ to the -3σ levels on the hourly Bollinger Bands.On the 4-hour chart, the price has broken significantly below the 200 EMA with a real body candle, and on the daily chart, it has shifted from above the 20 MA to below it, plunging sharply to just below the 75 MA. Additionally, on the weekly chart, the price has broken below the 10 MA, which had been providing support.
Among European currencies, the euro fell against the Australian dollar. The EUR/AUD pair dropped from 1.6461 to 1.6396. On the hourly chart, the price has moved from above the 20-period moving average (MA) to below it. On the 4-hour chart, the downtrend along the 10-period MA continues, and on the daily chart, the pair has hit a new low for the month. The downtrend has retraced to the 50% level of last month’s rebound.On the weekly chart, the retest of the 200-day SMA support line is nearing completion, and the price has broken below it with a real body candle.
Today’s economic indicators include New Zealand’s trade balance at 7:45 a.m., the UK’s Rightmove house prices at 8:01 a.m., Germany’s Producer Price Index (PPI) at 3:00 p.m., the Eurozone’s construction output at 6:00 p.m., and Canada’s Consumer Price Index (CPI) at 9:30 p.m. We will be watching for further downside potential in the EUR/AUD pair, which has been hitting new lows this month.
Author: Keisuke Sakurai
